Britain To Reveal Properties That Belong To Nigeria Very Soon

The Nigerian Executive Secretary of PACAC (Presidential Advisory Committee Against Corruption), Bolaji Owosanoye disclosed that the British Government plan to unveil the information about properties which belong to Nigeria in their country.

He said that the governments of both countries are working together to fight against corruption in Nigeria.

According to Bolaji's statement “There's no doubt that rogues in government oppress and impoverish their people by corruption and this must be sanctioned by collective action.

“We need to make sure that there is no safe haven for corrupt officials to run to. Britain has promised that by 2018, she will provide Nigeria with the information about who owns what and where; that's very helpful.

“These include all the houses that have been bought by public officials or accounts that are held by public officials on which they are right now not paying taxes or which they cannot explain the sources.

“So if you cannot buy a house in England, you have to look for somewhere else. But if all countries criminalise this, then it becomes much more difficult unless you want to buy the house on Mars,” the Secretary said.

Mr. Bolaji explained that some African countries who are affected by illegal economic surge must confront other developed countries to help in banning illegal economic surge from their countries.

He said that British research records shows that 60% of capital flight from African to their country comes from Nigeria.

Mr Bolaji stated: “Receiving states – the countries of the North – need to be proactive to block the proceeds of crime even before a request is made by victim countries.